Arada has acquired the New South Wales arm of Roberts, a leading Australian tier-one commercial construction company with a strong track record in delivering complex projects across several sectors.
According to the statement, the transaction includes an immediate $20 million (AED47 million) recapitalization of Roberts Co (NSW) Pty Ltd by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney.
The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co’s eventual expansion into new international markets including the UAE.
Arada is prepared to invest up to $100 million (AED235 million) in Roberts Co’s expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion (AED2.3 billion) by 2028.
Ahmed Alkhoshaibi CEO – Arada
“This acquisition reflects our strong belief in Roberts Co’s people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.”
HE Ridwaan Jadwat, Australia’s Ambassador to the UAE, said that, “This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development, and fostering long-term economic growth.”
HE Dr. Fahad Obaid Altaffag, UAE Ambassador to Australia, stated that, “The acquisition of Roberts Co’s New South Wales business by Arada demonstrates the UAE’s commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement.”
“This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy,” Dr. Altaffag added.
